FAQ 2

 

FREQUENTLY ASKED QUESTIONS AND ANSWERS SHEET
Tuscany Square I Condominium Association, Inc.               As of: January 28, 2021

What are my voting rights in the condominium association?

Each Unit Owner shall be entitled to one vote. Paragraph 5.2 of the Declaration of Condominium
describes these voting rights.

What restrictions exist in the condominium documents on my right to use my unit?

Paragraphs 18.1 through 18.10 of the Declaration of Condominium contains the following restrictions on
residential units: (a) No signs or advertising is permitted; (b) Four-legged pets are limited to dogs (not
to exceed 20 lbs.) and cats with not more than two per unit; (c) Balconies may not be enclosed in any
manner; (d) No mobile/motor home, RV, truck with load capacity of more than one-ton, trailer, ATV's,
commercial vehicles, boats or water craft may be parked on condominium property; (e) No hard floor
covering can be installed unless approval received from Association.

How much are my assessments to the condominium association for my unit type and when are they due?

The Estimated Budget for the year ending 12/31/21 will require payment of monthly assessments for
residential units as follows:

Unit Type B1-$311.66
Unit Type B2-$346.56
Unit Type B3-$348.64
Unit Type C1-$407.92
Unit Type C2-$424.05
Unit Type D1-$472.70
Unit Type D2-$475.63

Do I have to be a member in any other association? If so, what is the name of the association and what are my voting rights in this association? Also, how much are my assessments?

Yes, you will be a member of Venetian Bay Homeowners' Association, Inc, ("Master Association"). As a
Unit Owner you will have one vote on matters decided by the membership. The Master Association's
annual assessment is $800.00.

What restrictions exist in the condominium document on the leasing of my unit?

Residential Units cannot be leased for less than 91 consecutive days. Paragraph 19.2 of the Declaration
describes this restriction.

Am I required to pay rent or land use fees for recreational or other commonly used facilities? If so, how much am I obligated to pay annually?

No.

Is the condominium association or other mandatory membership association involved in any court cases in which it may face liability in excess of $100,000? If so, identify each such case.

No.

 

Note: THE STATEMENTS CONTAINED HEREIN ARE ONLY SUMMARY IN NATURE. A PROSPECTIVE PURCHASER SHOULD REFER TO ALL REFERENCES, EXHIBITS HERETO, THE SALES CONTRACT, AND THE CONDOMINIUM DOCUMENTS.